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Portions of the financial statements for Myriad Products are provided below, $980 343 637 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31,

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Portions of the financial statements for Myriad Products are provided below, $980 343 637 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 (5 in millions) Sales Cost of goods sold Gross margin Salaries expense $170 Depreciation expense 106 Amortization expense 5 Interest expense 46 Loss on sale of land 4 Income before taxes Income tax expense Net Income 331 306 153 $ 153 nces MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 (5 in millions) Year 2021 2020 Cash Change $150 $138 $ 12 Accounts receivable 269 289 (20) Inventory 469 488 (19) Accounts payable 223 210 13 Salaries payable 124 (13) Interest payable 69 58 11 Income tax payable 60 48 12 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (... 10,000,000 should be entered as 10). Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) (5 in millions) Cash Flows from Operating Activities: Net cash flows from operating activities S 0

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